• The Great Rebalancing

  • Trade, Conflict, and the Perilous Road Ahead for the World Economy
  • De : Michael Pettis
  • Lu par : A.T. Chandler
  • Durée : 7 h et 37 min
  • Version intégrale Livre audio
  • Date de publication : 10/05/2013
  • Langue : Anglais
  • Éditeur : Audible Studios
  • 5 out of 5 stars 5,0 (1 notation)

 

China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations--a lost decade for China, the breaking of the Euro, and a receding of the U.S. dollar--that will have long-lasting effects.
Pettis explains how China has maintained massive--but unsustainable--investment growth by artificially lowering the cost of capital. He discusses how Germany is endangering the Euro by favoring its own development at the expense of its neighbors. And he looks at how the U.S. dollar's role as the world's reserve currency burdens America's economy. Although various imbalances may seem unrelated, Pettis shows that all of them--including the U.S. consumption binge, surging debt in Europe, China's investment orgy, Japan's long stagnation, and the commodity boom in Latin America--are closely tied together, and that it will be impossible to resolve any issue without forcing a resolution for all.
Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.
©2013 Princeton University Press (P)2013 Audible, Inc.
Afficher plus Afficher moins

Prix : 16,42 €

Gratuit avec l'offre d'essai
Détails de l'abonnement : Détails de l'abonnement :
  • Gratuit pendant 30 jours, avec un titre au choix offert.
  • 9,95 € par mois pour le livre audio de votre choix, quel que soit le prix.
  • Vous n'aimez pas un titre ? Échangez-le.
  • Résiliez à tout moment, vos livres audio vous appartiennent.

Acheter maintenant avec 1 crédit audio

En passant commande, vous acceptez les Conditions générales de vente et la Politique de confidentialité d'Audible.

Acheter maintenant pour 16,42 €

Utilser la carte qui se termine par
En passant commande, vous acceptez les Conditions générales de vente et la Politique de confidentialité d'Audible.

Avis des auditeurs

Plus utile
5 out of 5 stars
Auteur(s) : Chris le 22/02/2017

Good and fairly easy to understand

This is the first time I got an audio book and the sound and speech quality seems very good to me. On the subject of the book itself, this is a well put together book. It's easy to understand and every technical point is well explained even for people untrained in economics.

Lire la suite Masquer
Afficher tous les commentaires